This is not a company that i will be selling for 100% profit. SWE has so much more in it. I pride myself on not falling in love with a stock, i aim to be ruthless, objective and analytical.
In saying this however, i can honestly say that in my opinion there is no better buy on the ASX... i've been saying it since it was 12c and i'll keep doing so.
For those that haven't read this report on SWE... i recommend you do.
"The unprecedented share rise from AOI was in fact a ‘tip of the decade’ and generated massive profits for our readers – but that doesn’t mean it was a one-off. In fact, given the track record of all parties involved and the similarities at hand, SWE looks set to exceed all expectations, with their highly prospective blocks in Kenya and Tanzania, and a world class JV partner in Tullow Oil, who is also drilling multiple high impact oil wells in the nearby area over the coming months.
Oil super majors are desperate to secure acreage, with their eyes set firmly getting a foothold in the region no matter the cost.
The advantages of SWE’s current positioning and partnerships are clear – same region, same experienced joint venture partner – and we all know history can and does repeat. The similarities between AOI and SWE are incredibly impressive."
SWE Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held